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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (7850)	2/12/2004 2:15:04 PM
From: russwinter	Read Replies (4) \| Respond to of 110194

<over 30% of all industrial resources are currently IDLE> Much of this is pre-Nafta old, obsolete, rather useless capacity. The Chinese (really global) crack up boom will render even more current used capacity useless. When the last pound of copper and nickel gets used up this spring, what's the productive ability of Chinese and Japanese smelters? To use a car analogy, if you can't find gas to put in the tank, what's it present economic use and value? As good as a flower pot. <coupled with the fact that no significant investment in natural resources has taken place over the past two decades.> Kind of an off hand and far too flippant dismissal of a very profound circumstance I would say. This underinvestment was and is part and partial to the gross maladjustments in the world today.